Rare Lake Magdalene Waterfront Opportunity | Estate, Townhomes, or Your Own Private Community This expansive, ready-to-develop offering on coveted Lake Magdalene spans roughly 2.5 acres across two parcels—delivering flexibility and prime lakefront living. On the north side of West Bearss Avenue, the 1.75-acre parcel sits high and dry in Flood Zone X. Cleared and build-ready, the former home and septic have been removed with permits, and a well remains in place. The southern parcel offers approximately 135 feet of direct Lake Magdalene shoreline, complete with a concrete dock and boat ramp. RSC-4 zoning allows up to four single-family homes, but the highest and best vision expands that horizon: imagine two rows of three townhomes—six in total—creating a private community. Envision a shared outdoor area with a gazebo, outdoor kitchen, and ample living space. Should you choose, fill in part of the land and add a seawall—maximizing usable space and crafting a lakeside haven. This 250-acre freshwater lake offers boating, fishing, and breathtaking sunrises and sunsets. With proximity to Tampa International Airport, downtown, top-rated schools, and the Gulf, this rare property combines serenity and convenience—Whether you envision a luxury waterfront estate, a private multi-home compound, or six thoughtfully designed townhomes with communal outdoor spaces—any such vision will require the buyer or builder to complete their due diligence. .The property is ready, sellers are motivated, and with long ownership, they are seeking closure—this is a rare chance for a quick, clean offer to secure this unique property now.